Leasing vs. Financing Your Next Vehicle at Morganton Honda

When it comes to financing or leasing a vehicle, the decision can be tough, especially without enough information to make an informed decision. At Morganton Honda, we want you to weigh your options before deciding to finance or lease your next vehicle in Morganton, NC. To assist you, we have provided some pertinent information to keep in mind when deciding which option is best for you.

LEASING

FINANCING

Flexible Terms
Flexibility is one of the greatest benefits of leasing a vehicle. Leasing allows you to make affordable payments with shorter terms that generally last for 24 to 60 months. Honda even gives you the option of eliminating monthly payments altogether with the One-Payment Leasing program. Also, when leasing a vehicle, you get to choose your mileage. You have the option of 12,000 or 15,000 miles per year, but if that's not enough, you may purchase more miles at signing.

In addition, leasing lets you:

Consider vehicles that have more options

Get closer to your desired trade cycle

Have peace of mind, as most leased vehicles are under warranty for the duration of the lease. GAP coverage is standard on all Honda Leadership Leasing. This generally covers the difference between insurance payments and the outstanding lease if your vehicle is stolen or deemed a total loss.

Ownership
Ownership is the greatest benefit of financing a vehicle over leasing. Once you complete your finance term and have fulfilled your financial obligation to your loan provider, the vehicle then belongs to you. Then, you're able to save the money you would typically use to pay on your vehicle and use it as you please. For the best results when financing, be sure to acquire the most affordable, reliable and competitive rates possible, like what we offer here at Morganton Honda.

One of our friendly and knowledgeable staff members will be happy to walk you through the pros and cons of both leasing and financing your next vehicle. We welcome our neighbors from Morganton, Lenoir, Valdese, Hickory and beyond to visit Morganton Honda today. Let us help you climb in the driver's seat of the vehicle you've been dreaming of!